ProShare Advisors LLC grew its stake in shares of Noble Corporation (NYSE:NE) by 9.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,685 shares of the oil and gas company’s stock after acquiring an additional 4,047 shares during the period. ProShare Advisors LLC’s holdings in Noble Corporation were worth $176,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. lifted its stake in shares of Noble Corporation by 37.6% in the 2nd quarter. BlackRock Inc. now owns 32,390,455 shares of the oil and gas company’s stock valued at $117,253,000 after purchasing an additional 8,843,373 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Noble Corporation by 57.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 20,624,594 shares of the oil and gas company’s stock valued at $127,666,000 after purchasing an additional 7,514,153 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Noble Corporation by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 20,152,512 shares of the oil and gas company’s stock valued at $124,744,000 after purchasing an additional 188,754 shares during the last quarter. State Street Corp lifted its stake in shares of Noble Corporation by 24.1% in the 1st quarter. State Street Corp now owns 17,038,499 shares of the oil and gas company’s stock valued at $105,467,000 after purchasing an additional 3,303,316 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Noble Corporation by 2.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,645,549 shares of the oil and gas company’s stock valued at $20,437,000 after purchasing an additional 145,172 shares during the last quarter. Institutional investors and hedge funds own 95.45% of the company’s stock.

Several equities research analysts recently issued reports on NE shares. Jefferies Group LLC reaffirmed a “buy” rating and issued a $5.50 price objective (down previously from $7.00) on shares of Noble Corporation in a research note on Tuesday, July 18th. Bank of America Corporation lowered shares of Noble Corporation from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $7.00 to $2.00 in a research note on Friday, June 30th. Sanford C. Bernstein lowered shares of Noble Corporation from a “market perform” rating to an “underperform” rating and reduced their price objective for the company from $7.00 to $2.50 in a research note on Thursday, July 6th. ValuEngine raised shares of Noble Corporation from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. Finally, Royal Bank Of Canada reaffirmed a “sell” rating and issued a $5.00 price objective on shares of Noble Corporation in a research note on Thursday, July 20th. Seven investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $5.67.

Noble Corporation (NYSE:NE) opened at 3.96 on Monday. Noble Corporation has a 12 month low of $3.14 and a 12 month high of $8.37. The stock’s 50 day moving average is $3.95 and its 200-day moving average is $4.20. The firm’s market cap is $969.82 million.

Noble Corporation (NYSE:NE) last posted its earnings results on Thursday, August 3rd. The oil and gas company reported ($0.31) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.02. The company had revenue of $278.10 million during the quarter, compared to analysts’ expectations of $284.99 million. Noble Corporation had a negative net margin of 122.04% and a negative return on equity of 3.19%. Noble Corporation’s quarterly revenue was down 68.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.01 EPS. On average, analysts anticipate that Noble Corporation will post ($1.24) earnings per share for the current fiscal year.

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About Noble Corporation

Noble Corporation is an offshore drilling contractor for the oil and gas industry. The Company performs contract drilling services with its fleet of 79 mobile offshore drilling units and one floating production storage and offloading unit (NYSE:NE) located globally.

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Institutional Ownership by Quarter for Noble Corporation (NYSE:NE)

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